Audius Coin: Bad Investment Or Sleeping Giant?

1 min read

Audius (AUDIO) coin at time of writing is currently almost as low in price as when the startup launched back in October 2020, and peaked at $4.04. But the music industry continue to adopt blockchain and NFTs, and more and more artists are seeing the future, could Audius be hotly tipped to take off in 2023?Audius achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

Risk/Reward Score - Low

Trading Analysis

The risk gauge rank for AUDIO shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.

The price of Audius is -0.03% lower over the last 24 hours, leading to its current value of $0.29. The change in price goes along with volume being below its average level while the token’s market capitalization has fallen during the same time period. The crypto’s market capitalization is now $239,830,351.84, meanwhile $6,773,619.35 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give Audius a low risk analysis.

Summary

AUDIO’s price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the token’s manipulability as of now.

Click Here to get the full Report on Audius (AUDIO).

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